THERE IS always something happening on the stock exchange. The market is soft, but perhaps because of it, to some extent, some listed companies are buying back their shares from investors, and it seems more positive than negative.

The GraceKennedy Group announced last month its intention to implement a share buyback scheme, intending to drive up the price of its shares by reducing their supply.

The company stated that it considers the share price to be below its true value and wants to increase shareholder value by raising earnings per share.

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